Agricultural News
ASA Among Grower Groups Asking for ITC's Ear on UAN
Fri, 01 Jul 2022 07:59:50 CDT
ASA, the National Association of Wheat Growers, and the Agricultural Retailers Association submitted a letter to the U.S. International Trade Commission asking that it consider the grower groups' comments regarding the workings of the fertilizer market and impacts of ITC's pending decision regarding duties on Urea Ammonium Nitrate from Russia and Trinidad and Tobago.
Few inputs have exhibited more price inflation than UAN. During a recent public hearing, ITC heard how the rate of price increase for UAN is jarringly high due in large part to the Russia-Ukraine conflict. Those two countries are important crop and energy producers, as well as producers of fertilizers and fertilizer input products-including natural gas for UAN. CF Industries, a U.S. producer of UAN, has stated that prices have been significantly impacted by the resulting economic and financial sanctions against Russia, as well as the conflict's practical impacts on shipping logistics in the region.
The ag groups have asked ITC to take into consideration that price pressure experienced by commodity farmers has cascading effects that reverberate through the economy. With the general inflation rate already at a 40-year high, adding further costs in the form of duties will, in turn, have to be passed forward in the supply chain toward consumers and would further compound an already-difficult situation. They have asked the Commission to take the full context of the data being examined in ITC's trade case into consideration in making its injury determination.
Read the full letter here:
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